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elixir [45]
3 years ago
9

Maureen, the owner of a boutique, studies the spending pattern and consumer behavior of the people in the area in which her stor

e is located. She estimates the likely variations in demand and pricing and also keeps track of her competitors' sales. Which of the following concepts does this scenario best illustrate?
Business
1 answer:
babymother [125]3 years ago
8 0

Answer:Environmental Scanning

Explanation: Environmental Scanning is the process of acquiring information about trends, patterns, occasions and relationships related to a business' internal and external surroundings. The function of doing this is to confirm forecasts of internal and external elements that will affect a business' success. It also helps managers, such as Maureen, to identify threats and opportunities that are present in the environment. And in doing so Maureen is then able to decide the future path of her business.

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E3-17 (Algo) Calculating Equivalent Units, Unit Costs, and Cost Assigned (Weighted-Average Method) [LO 3-3] Vista Vacuum Company
dalvyx [7]

Answer:

1.  materials = 18,400 units and conversion = 15,463 units

2. materials = $2.22 and conversion = $3.76

3. units transferred out = $90,298 and units still in process = $8,691

Explanation:

Units Completed and Transferred = Opening Work In Process Inventory + Started during the Period - Closing Work In Process

                                                          = 3,300 + 15,100 -  3,300

                                                          = 15,100

<u>First Calculate the Equivalent units of Production in Respect of Materials and Conversion Costs :</u>

1. Materials

Closing Work In Process (3,300 × 100%)                    = 3,300

Completed and Transferred (15,100 × 100%)              = 15,100

Equivalent units of Production for Raw Materials      = 18,400

2. Conversion Costs

Closing Work In Process (3,300 × 11%)                              =     363

Completed and Transferred (15,100 × 100%)                    =  15,100

Equivalent units of Production for Conversion Costs      = 15,463

<u>Then calculate the cost per equivalent unit for materials and conversion :</u>

Cost per equivalent unit = Total Costs (Opening + Current Year) ÷ Total Equivalent Units

1. Materials

Cost per equivalent unit = ($10,500  + $30,400) ÷ 18,400

                                        = $2.22

2. Conversion Costs

Cost per equivalent unit = ($9,600  + $48,500) ÷ 15,463

                                        = $3.76

<em>Total Cost per equivalent unit = Materials + Conversion Costs</em>

                                                  = $2.22 + $3.76

                                                  = $5.98

<u>Then, determine the costs to be assigned to the units transferred out and the units still in process</u>

Units transferred out = units completed and transferred ×  Total Cost per equivalent unit

<em>                                   = </em>15,100 × $5.98

                                  = $90,298

Units Still In Process :

Materials (3,300 × $2.22)             = $7,326

Conversion Costs ( 363 × $3.76) = $1,365

Total                                               = $8,691

7 0
3 years ago
Name two types of domestic sewing machine​
kondor19780726 [428]

Answer:

Manual. Manual sewing machines are run by pedaling and therefore, no electricity or battery is required to run them. ...

Electronic. These machines have a single motor that runs on electricity

Explanation:

7 0
2 years ago
Read 2 more answers
Becky had net credit sales in 2020 of $2,000,000. At December 31, 2020, before adjusting entries, the balances in selected accou
denpristay [2]

Answer:

Following Becky's estimation, the bad debt expense must be equal than the 8% of the total credit, less the value already booked in the balance sheet accounts (doubtful accounts).

Explanation:

In this case, 2,000,000*8%=160,000. Then this 160,000 must be subtracted to 2,200 (160,000-2,200=157,800). Finally, the bad debt expense to be reported is $157,800

3 0
3 years ago
What is code of conduct in hospitality?​
MissTica
The term “Code of Conduct” means a set of rules set by the concerned authority that outlines social and moral norms, values, duties and responsibilities. Hospitality industry is highly professional discipline sector.
6 0
3 years ago
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Which of the following statements about entrepreneurs is FALSE? A. Entrepreneurs are people who start a new business. B. Entrepr
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Answer:

C. Entrepreneurs aren’t exposed to any risk when starting a new business.

Explanation:

Entrepreneurs are the person who starts their own business and took a financial risk from the start. Entrepreneurs manage the activities on their own,  develop new ideas. and create the team for the benefit of the organization

Therefore, Entrepreneur exposed to the financial risk while starting their own business

hence, the correct option is C.

3 0
3 years ago
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